What's going with gas fees? After the London fork, the gas fees only went up. They raised gas limit, and the blocks are half empty, even 5% - 15% filled, but gas fees are through the roof! It's not about limited capacity right now, yet it's very expensive. What is reason for that?
The reason for the spike in the gas fees for ETH in the past few days was some high profiled NFT drops that had an impact than the usual trading volume and many were facing issues and there was a sudden spike in transaction charges and then another reason could be the bug that was identified in Go Ethereum and there is a possibility of double spend and that might increase the gas price high.